Introducing the Only Comprehensive Platform for Agency
Accounting Operations
SAN
FRANCISCO, Sept. 4, 2024 /PRNewswire/ -- Ascend, the
leading provider of accounting automation software to the insurance
industry, is proud to announce the launch of Direct Bill
Automation, a solution designed to streamline accounting workflows
of processing, extracting, reconciling, and posting direct bill
commissions. With this launch, Ascend provides the only
comprehensive solution on the market for brokers that simplifies
accounting tasks related to both agency bill and direct bill into
one unified platform.
"Direct Bill Automation empowers our accounting team with the
technology to significantly optimize and reduce the amount of time
spent on low-value transactional work so we can focus our team on
high-value strategic objectives," said Ryan
Corcoran, CFO of Ellerbrock-Norris.
Key Benefits of Direct Bill Automation:
- Reduce Expenses: Technology enabled solution provides
immediate cost reductions and time savings with a quick and
seamless onboarding and integration.
- Scale Efficiently: Meet business needs and future
growth objectives with software designed to scale with your
business.
- Improve Financial Reporting: Comprehensive control
and oversight of direct bill entry, reconciliation, and
recordkeeping back into agency management systems, ensuring quick
and accurate revenue recognition cycles.
"Our mission at Ascend is to provide our customers with
solutions to reduce the amount of operational tasks that exist
inside of their businesses," said Andrew
Wynn, co-CEO of Ascend. "Direct Bill Automation is another
step forward for us to help take one more task off their plates so
organizations can focus on their core competencies."
Ascend unlocks untapped broker efficiency by reducing time spent
on manual processes across accounting and service teams as well as
enhancing financial speed and accuracy across transactions. With
real time visibility into all accounts receivable and accounts
payable, Ascend is able to automate all reconciliation workflows
across all types of accounts, leading to quicker auditing and
recognition of revenue.
Ascend is currently used by 3,000+ businesses throughout the
insurance distribution channel, automating critical financial
workflows for top brokers such as NFP, INSURICA, The Baldwin Group
and Christensen Group. Recognized for its pioneering efforts,
Ascend has been recognized with several awards such as Top 50
Insurtech by CB Insights and a Global 5-Star Technology and
Software Providers by Insurance Business.
About Ascend
Ascend is the industry leading platform
to automate the entire insurance financial operations lifecycle
across collections, accounting, reconciliations, and disbursements.
Businesses using Ascend experience improved operational
efficiencies, treasury management, and customer experience -
resulting in increased profitability and full visibility into
financial performance. To learn more about how Ascend can transform
your business, please visit www.useascend.com.
Press Contact:
Mike Nguyen
382060@email4pr.com
408-621-1259
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SOURCE Ascend